Summary of IAS 18 Objective of IAS 18 The objective of IAS 18 is to prescribe the accounting treatment for revenue arising from certain types of transactions and events. Key Definition Revenue: the gross inflow of economic benefits (cash‚ receivables‚ other assets) arising from the ordinary operating activities of an entity (such as sales of goods‚ sales of services‚ interest‚ royalties‚ and dividends). [IAS 18.7] Measurement of Revenue Revenue should be measured at the fair value of the consideration
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E1: Describe the development of children in a selected age range and in TWO (2) areas of development/E2:Describe the development of children in a selected age range‚ different from E1 and in TWO (2) areas of development. I am going to describe the development of children aged birth to three years and three to seven years and also describe two areas of development which are: physical development and social development for the selected age range. Children from birth to three months start to develop
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panning is 5 years. e. Individual capital investment projects are not considered in a financial plan unless they are very large True. They are usually accumulated by category. f. Financial planning requires accurate and consistent forecasting True. Accuracy and consistency is hard to achieve but a firm needs to be as consistent as possible. g. Financial planning models should include as much detail as possible. False. Excessive detail distracts attention from the crucial decisions. 5). Percentage
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1. Teletech Corporation currently uses its hurdle rate to measure its economic profit and NPV. It is used to measure value creation‚ and providing information on each unit’s performance for investors. Teletech’s current practice of “one size fits all” hurdle rate is not the best practice because each division has its own risks and nature of operations. Therefore‚ each division’s profitability should be compared to that division’s own WACC. 2. See attachment 3. According to Rick Phillip’s
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surface resulting in pain. It is also possible that the explosion caused him to hit his head and damage the visual center in the occipital lobe and contributing to the blurred vision due to a decreased ability to interpret the data provided by the eyes. 5.Lens‚ cornea‚ constricted pupil‚ and vitreous body with floaters could be involved in blocking the path of light to his retina. 6.In the eye where the detachment occurred‚ a loss of color vision and visual acuity would occur. But Dan could use rods
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The Apostle Paul’s central theological thought is expounded rather systematically in two of his epistles‚ namely‚ Romans and Galatians. Neither the church nor the sacraments hold any place in Paul’s central thought. Paul’s primary theme in Romans is the basic gospel‚ God’s plan of salavation and righteousness for all mankind (1:16-17). Paul’s thought is expounded in the framework of the salvation history of God. The main themes which constitute his central thought are God’s grace and love‚ redemption
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Chapter 18 – Private Equity Impact on Corporations Q1. What are some measurable benefits from private equity ownership of corporations? Private equity portfolio companies have slightly higher management practices scores. Private equity– owned company management quickly adopts merit-based hiring‚ firing‚ pay‚ and promotion practices. These companies have tough evaluation metrics‚ which are focused on both short-term and long-run objectives‚ and the metrics are well understood by employees and
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Theme Although the most obvious theme in most of the Shakespearian sonnets‚ including this one‚ is love‚ there is always an underlying theme. In this poem‚ it is time; immortality and the transience of beauty. The speaker mentions numerous times throughout the poem that “every fair from fair sometime declines” be it that of nature‚ “summer’s lease hath all too short a date” and eventually Autumn begins in which the leaves shrivel and die‚ or that of the subject. From the third quatrain onwards‚
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The piece that I have chosen for this assignment was William Shakespeare’s Sonnet 18. At the very first line‚ it is apparent that the metaphor that he chooses‚ is a "summer’s day‚" to describe his friend or loved one. For the ease of explanation‚ I will refer to that person using feminine pronouns‚ due to the fact that the gender of the person is not explicitly stated; I would believe it is assumed to be female. Through reading the poem a couple of times‚ I noticed that his choice of words would
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What is employee performance? Employee performance is a performance criteria standard of an employee‚ they must have good behaviour and mustn’t do anything bad like waste time. Employees are rated on how well they do their jobs compared with a set of standards determined by the employer. What does measuring performing mean Measuring performance means when a business will measure the quality of the activities that are passing and the quality of the services provided to the customers by employees
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